Executive Summary
Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet.
Similar Companies
Share Price & News
How has Dundee Precious Metals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DPM is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: DPM's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.9%
DPM
-0.3%
CA Metals and Mining
1.9%
CA Market
1 Year Return
35.0%
DPM
30.1%
CA Metals and Mining
16.2%
CA Market
Return vs Industry: DPM exceeded the Canadian Metals and Mining industry which returned 27.9% over the past year.
Return vs Market: DPM exceeded the Canadian Market which returned 15.9% over the past year.
Shareholder returns
| DPM | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.9% | -0.3% | 1.9% |
| 30 Day | -7.6% | -5.6% | 1.7% |
| 90 Day | -12.7% | -4.5% | 6.9% |
| 1 Year | 37.2%35.0% | 31.3%30.1% | 20.5%16.2% |
| 3 Year | 159.5%155.3% | 42.1%39.1% | 24.6%12.8% |
| 5 Year | 331.1%324.0% | 80.7%75.2% | 56.7%33.1% |
Long-Term Price Volatility Vs. Market
How volatile is Dundee Precious Metals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Dundee Precious Metals (TSE:DPM) Is Very Good At Capital Allocation1 month ago | Simply Wall St
Did Dundee Precious Metals Inc. (TSE:DPM) Insiders Sell Shares?1 month ago | Simply Wall St
Could The Dundee Precious Metals Inc. (TSE:DPM) Ownership Structure Tell Us Something Useful?Valuation
Is Dundee Precious Metals undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DPM (CA$7.76) is trading below our estimate of fair value (CA$18.63)
Significantly Below Fair Value: DPM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DPM is good value based on its PE Ratio (5.5x) compared to the CA Metals and Mining industry average (15x).
PE vs Market: DPM is good value based on its PE Ratio (5.5x) compared to the Canadian market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: DPM is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: DPM is good value based on its PB Ratio (1.4x) compared to the CA Metals and Mining industry average (2.7x).
Next Steps
Future Growth
How is Dundee Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DPM's forecast earnings growth (8.4% per year) is above the savings rate (1.5%).
Earnings vs Market: DPM's earnings (8.4% per year) are forecast to grow slower than the Canadian market (25.6% per year).
High Growth Earnings: DPM's earnings are forecast to grow, but not significantly.
Revenue vs Market: DPM's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: DPM's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if DPM's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Dundee Precious Metals performed over the past 5 years?
49.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DPM has high quality earnings.
Growing Profit Margin: DPM became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: DPM has become profitable over the past 5 years, growing earnings by 49.8% per year.
Accelerating Growth: DPM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: DPM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (58%).
Return on Equity
High ROE: DPM's Return on Equity (24.7%) is considered high.
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Financial Health
How is Dundee Precious Metals's financial position?
Financial Position Analysis
Short Term Liabilities: DPM's short term assets ($319.0M) exceed its short term liabilities ($85.1M).
Long Term Liabilities: DPM's short term assets ($319.0M) exceed its long term liabilities ($84.5M).
Debt to Equity History and Analysis
Debt Level: DPM is debt free.
Reducing Debt: DPM has no debt compared to 5 years ago when its debt to equity ratio was 20.7%.
Debt Coverage: DPM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DPM has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Dundee Precious Metals's current dividend yield, its reliability and sustainability?
1.96%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: DPM's dividend (1.96%) is higher than the bottom 25% of dividend payers in the Canadian market (1.57%).
High Dividend: DPM's dividend (1.96%) is low compared to the top 25% of dividend payers in the Canadian market (4.94%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether DPM's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if DPM's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.1%), DPM's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DPM's dividends in 3 years are forecast to be thoroughly covered by earnings (8.5% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
David Rae (59 yo)
0.83
Tenure
US$1,045,930
Compensation
Mr. David Rae has been Director of Dundee Precious Metals Inc. since January 1, 2020. Mr. Rae has been Chief Operating Officer and Executive Vice President at Dundee Precious Metals Inc. since May 6, 2014....
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD1.05M) is about average for companies of similar size in the Canadian market ($USD1.21M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | US$1.05m | no data | |
| Executive VP & CFO | 9.75yrs | US$990.63k | no data | |
| Executive VP of Corporate Affairs | 3.5yrs | US$614.70k | no data | |
| Executive Vice President of Corporate Development | 9.33yrs | US$674.49k | 0.0094% $ 131.9k | |
| Vice President of Technology | 1.75yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Human Resources | 2.83yrs | no data | no data | |
| VP & MD of Bulgaria | 2.17yrs | no data | no data | |
| Global Controller | no data | no data | no data | |
| Legal Counsel | no data | no data | no data |
2.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: DPM's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | US$1.05m | no data | |
| Independent Director | 9.17yrs | US$168.85k | 0.00030% $ 4.2k | |
| Director | 0.083yr | no data | no data | |
| Lead Independent Director | 7.92yrs | US$202.77k | 0.0083% $ 116.4k | |
| Chairman of the Board | 7.92yrs | US$293.94k | 0.25% $ 3.6m | |
| Independent Director | 18.75yrs | US$162.29k | 0.0029% $ 40.4k | |
| Independent Director | 10.83yrs | US$180.99k | 0.00094% $ 13.2k | |
| Independent Director | 5.33yrs | US$162.10k | no data | |
| Independent Director | 14.17yrs | US$170.00k | 0.012% $ 174.6k | |
| Independent Director | 4.08yrs | US$168.65k | no data | |
| Director | 0.33yr | no data | 0.00055% $ 7.7k |
7.9yrs
Average Tenure
65yo
Average Age
Experienced Board: DPM's board of directors are considered experienced (7.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DPM insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Dundee Precious Metals Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dundee Precious Metals Inc.
- Ticker: DPM
- Exchange: TSX
- Founded: 1983
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.408b
- Shares outstanding: 181.41m
- Website: https://www.dundeeprecious.com
Number of Employees
Location
- Dundee Precious Metals Inc.
- 1 Adelaide Street East
- Suite 500
- Toronto
- Ontario
- M5C 2V9
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DPM | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Nov 1983 |
| DPU | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1983 |
| DPML.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 1983 |
Biography
Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The company's principal operating ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/07 23:18 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.